AEV 0.00% 1.1¢ avenira limited

With all due respect, from a chart perspective, until we break...

  1. 168 Posts.
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    With all due respect, from a chart perspective, until we break 0.019 resistance, any movement within the channel means absolutely nothing, whether there's a crossover or it's "ready to pop".

    Reality is, it moved lower from a 6 month accumulation zone (blue) to another tight ranging zone (red), the only positives are the volume spikes which signal buying interests at these levels.
    https://hotcopper.com.au/data/attachments/5654/5654073-c16d818f2c1879c08500b15259085764.jpg

    AEV has A$3.2m in the kitty as of last quarter. At current cash burn they simply don't have enough to pay Aleees U$2m (cash or shares) by end of December. CR for cash or stock either way a substantial dilution is on the way and we all know that.

    The main catalysts remain the same:
    • Positive DSO FS @ Wonarah for ST cashflow
    • New JV partner with big pocket to fund LT LFP project

    Without the above de-risking factors, I don't see SP appreciating regardless of who they hire / what they announce.

    Ofc my opinion only, happy to be proven wrong.

    Hez
 
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